Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,301 shares of the company’s stock after purchasing an additional 3,865 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.08% of Schwab U.S. TIPS ETF worth $8,701,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Lincoln National Corp raised its stake in Schwab U.S. TIPS ETF by 18,532.4% during the second quarter. Lincoln National Corp now owns 4,087,949 shares of the company’s stock valued at $212,614,000 after buying an additional 4,066,009 shares in the last quarter. Cerity Partners OCIO LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at approximately $130,469,000. Nepc LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter valued at approximately $78,399,000. Greenline Partners LLC bought a new position in Schwab U.S. TIPS ETF during the second quarter worth $45,303,000. Finally, Elm Partners Management LLC boosted its holdings in Schwab U.S. TIPS ETF by 53.8% in the second quarter. Elm Partners Management LLC now owns 1,756,878 shares of the company’s stock worth $91,375,000 after purchasing an additional 614,367 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.3 %

SCHP stock opened at $53.78 on Wednesday. Schwab U.S. TIPS ETF has a 1-year low of $49.50 and a 1-year high of $53.92. The firm has a fifty day moving average price of $53.02 and a two-hundred day moving average price of $52.24.

Schwab U.S. TIPS ETF Profile

The Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasury inflation-protected securities with at least one year remaining in maturity. SCHP was launched on Aug 5, 2010 and is managed by Charles Schwab.